Now associated in many companies and majority shareholder in CIBC,Air Canada and Husky Oil.

The primary stock holders in the company filed personal bankruptcy and even though the corporation did not file chapter 11 the property was taken since they were the primary share holders.

S-Corp are very similar to an LLC as they provide pass through income to its share holders or board members if you will.

Control: Stock market investing can be tough when you buy your 100 shares and even though you have a vote at a shareholder’s meeting, you watch the company make poor decisions and go-under.

the corp and it's assets are liable - not the shareholders, directors, employees etc...that takes TIME to do - because the business must grow it's CREDIT and reputation through STRONG FINANCIAL STATEMENTS.just naming a business and "holding assets" in the name of a business doesn't mean anything, unless that business entity is treated as such - a SEPERATE ENTITY.that's paramount.

It seems counter intuitive, but the larger banks have more strict rules because they are working for the share holders.

Several court cases support the authority of the IRS to reclassify other forms of payments to a shareholder-employee as a wage expense and subject to employment taxes.[...]The key to establishing reasonable compensation is determining what the shareholder-employee did for the S corporation.

At some point or another over the last 10 years, BofA has been accused of sticking it to their customers, their shareholders, investors, the government and even their own employees."

Further, any landlord who has been subject to revocation of a Residential Rental License Permit under this Ordinance shall be deemed ineligible to hold (individually or as a member, shareholder, officer, director or partner in any limited liability company, corporation, partnership, limited partnership, limited liability partnership or any other entity) a Residential Rental License Permit for any new or additional rental property for a period not less than three (3) years.

They make money for shareholders by actually lending.